Karl marx developed the economic theory of

socialism.
capitalism.
utopianism.
communism.

Karl Marx developed the economic theory of communism.

Further Explanation:

One of Karl Marx's most famous contributions came in his book the Communist Manifesto. This book explained Mark's views on government, the economy, and ultimately lead to the creation of communism as an idea.

A communism system is one that is economic and political in nature. In this system, the government would control the means of production, the distribution of goods and resources, and would overall have significant control over society. This system of communism is the opposite of the capitalist/democratic system used in America today. These two ideologies would clash during the mid 20th century in what is now known as the Cold War.

Marx's ideas were based on his observations of the world around him. He felt that the mistreatment of labor by industry and private corporations would ultimately lead to an uprising by angry laborers all over the world.

Learn More:

Explanation of Cold War-

Key Details:

Topic: World History, Communism

Grade Level: 7-12

Keywords: Karl Marx, Communism, Communist Manifesto

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